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§ 19-1306. Cap on Tax Increases. 246
(1) Notwithstanding the tax rate set forth in Section 19-1301 or any other law to the contrary, the tax levied on any real property shall not be greater than one hundred four percent (104%) of the prior year's tax levy; provided that the property is owned by the same person who owned the property at the time of the prior year's tax levy.
Added, Bill No. 020577 (approved December 5, 2002). Section 2 of the Ordinance provides: "This Ordinance shall be effective upon enactment of authorizing legislation by the General Assembly." No such authorization has been passed as of January 18, 2019.